Flex Suite with Office and
New
For Sale
Contact for pricing
1501 N 28th Street, Harlingen, TX 78550
A 2,000-square-foot suite combines office areas, warehouse space, and a private fenced patio.
Property Size2,000 SF
Price / SF$1.00
Days on Market2
Property Features for 1501 N 28th Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Building Details
Year Built
1985
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 3:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SANETI REALTY GROUP
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Investment Insights
Based on property information with market context.
Suite A-1 is a 2,000-square-foot flex space within a larger building, with 1,250 square feet of office and 750 square feet of warehouse. The office layout includes a reception area, staff area, two additional offices, and an open collaboration space with a coffee bar. The executive office opens to a private patio and fenced yard. Warehouse features include a 10-by-12-foot overhead door, storage closet, and overhead storage.
A separate 12-by-24-foot covered patio offers space for covered parking or outdoor use. Parking is available in front of the suite as well as in additional areas for work vehicles and employees. Spectrum Fiber is connected to the building. An additional 4,000 square feet of contiguous office space and three 1,350-square-foot warehouse spaces are also available.
A separate 12-by-24-foot covered patio offers space for covered parking or outdoor use. Parking is available in front of the suite as well as in additional areas for work vehicles and employees. Spectrum Fiber is connected to the building. An additional 4,000 square feet of contiguous office space and three 1,350-square-foot warehouse spaces are also available.
Key Highlights
- 2,000 SF total, including 1,250 SF of office and 750 SF of warehouse
- Office layout includes reception, staff area, two offices, and an open collaboration space with coffee bar
- Executive office has a private patio and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,357
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,140
$187.1K
Cap Rate 7%
$133,671
$133.7K
Cap Rate 9%
$103,967
$104.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$14.2K $7.08/SF
− Vacancy
−$793 −$0.40/SF
EGI
$13.4K $6.68/SF
− OpEx
−$4.0K −$2.01/SF
NOI
$9.4K $4.68/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,140
Cap Rate 7%
$133,671
Cap Rate 9%
$103,967
Alternative Uses
Best Use
Office B
$262.3K
$229.5K – $306.0K
NOI $18,360 @ 7.0% cap · market cap 918.00%
Second Best
Flex RnD
$244.4K
$213.9K – $285.1K
NOI $17,108 @ 7.0% cap · market cap 855.40%
Theoretical Best
Healthcare Medical
$344.4K
$301.3K – $401.8K
NOI $24,106 @ 7.0% cap · market cap 1,205.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 78550, TX
56,038
Population
22,347
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
77%
High-School Grad
94.2 sq mi
ZIP Area
595
Density / Sq Mi
$51,524
Median Household Income
$32,065
Median Earnings
$863
Median Rent
$120,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - A 2,000-square-foot suite combines office areas, warehouse space, and a private fenced patio.
Where is this flex space located?
The property is located at 1501 N 28th Street Harlingen, TX.
What are key features of this property?
This property features: 2,000 SF total, including 1,250 SF of office and 750 SF of warehouse; Office layout includes reception, staff area, two offices, and an open collaboration space with coffee bar; Executive office has a private patio and fenced yard
